Finance Manager- LA ECSS

$70,715 - $70,715/Yr

Magellan Health Services - Baton Rouge, LA

Full-time - Mid Level

Baton Rouge, LA

Ambulatory Health Care Services

About the position

The Finance Manager oversees and coordinates the financial functions of the company, including accounting, budgeting, finance, and audit. This role is crucial in designing and implementing financial strategies that align with corporate policies to support both short and long-term business objectives. The Finance Manager is responsible for maintaining the general ledger, managing budgeting and financial planning, and providing economic analyses to inform decision-making.

Responsibilities

• Manage and coordinate the company's financial functions across various sub-functions such as accounting, cost management, budgeting, finance, audit, credit, collections, and tax.
• Design, propose, and implement financial strategies, guidelines, and procedures within the organization's policy framework.
• Oversee the maintenance of the organization's general ledger and related accounting practices.
• Manage company-wide budgeting, financial planning, control, and reporting policies and practices.
• Provide economic analyses and counsel on matters of significant financial impact, including trends, pricing, cash flow, and capital additions.
• Analyze and review monthly results for risk against annual plans and forecasts, providing variance explanations and recommendations.
• Provide financial support for the completion of monthly corporate reports.
• Prepare monthly financial summaries on risk clients, highlighting key financial indicators.
• Coordinate with Medical Economics, Operations, and Network to analyze utilization and unit cost trends, identifying potential savings and efficiencies.
• Prepare in-depth performance analyses on assigned risk contracts.
• Manage financial terms and coordinate activities related to rate openers and settlement of contingencies under contracts.
• Provide weekly status updates on current trends, initiatives, issues, and resolutions.
• Provide monthly financial analysis on medical cost reduction initiatives, coordinating with Operations on new initiatives or changes.
• Provide financial support to Medical Economics for quarterly operations reporting.
• Prepare annual business plans and forecasts on medical costs for risk contracts.
• Summarize P&L performance, outlining key assumptions.
• Perform other duties as assigned.

Requirements

• Bachelor's degree in Finance is required.
• Experience in finance is required.
• Advanced knowledge of Microsoft Office products, especially Excel, is required.
• Strong presentation skills and the ability to express ideas clearly and concisely are required.
• Ability to prioritize tasks effectively and work under tight deadlines in a dynamic environment is required.
• Strong analytic skills and the ability to communicate analytic results to support business questions are required.
• Demonstrated ability to work well with a broad range of internal customers is required.

Nice-to-haves

• Master's degree in Finance is preferred.
• CPA (Certified Public Accountant) certification is preferred.

Benefits

• Comprehensive health benefits including life and voluntary options.
• Short-term incentives may be available.
• Benefits that enhance physical, mental, emotional, and financial wellbeing.